Looking to balance out your exposure to CB? The ETFs below have historically moved differently from CB, which may reduce portfolio volatility when combined in a suitable allocation. The stock ideas table highlights individual companies with the same low-correlation characteristics. Correlation can change and does not guarantee that one asset will rise when another falls.
Best Diversifiers for CB
253 ETFs have low correlation with CB (below 0.3), 193 of which are negatively correlated. The least correlated is Roundhill Generative AI & Technology ETF (CHAT) (Artificial Intelligence) with a 1Y correlation of -0.46, down from -0.21 over 3 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Roundhill Generative AI & Technology ETF | -0.46 | -0.21 | — | 69 | Artificial Intelligence, Technology Equities | CB vs CHAT | |
| ProShares Ultra Semiconductors | -0.43 | -0.20 | 0.00 | 57 | Leveraged Equities, Semiconductors | CB vs USD | |
| iShares Expanded Tech Sector ETF | -0.42 | -0.15 | 0.06 | 58 | Technology Equities | CB vs IGM | |
| Direxion Daily Technology Bull 3X Shares | -0.41 | -0.14 | 0.07 | 53 | Leveraged Equities, Technology Equities | CB vs TECL | |
| VanEck Semiconductor ETF | -0.41 | -0.18 | 0.02 | 87 | Semiconductors, Technology Equities | CB vs SMH |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for CB, and a Risk / Return Rank of 50 or higher. Treat them as research candidates rather than evidence that they will offset a future decline. The least correlated is Micron Technology, Inc. (MU) (Technology) with a 1Y correlation of -0.39, down from 0.01 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Micron Technology, Inc. | -0.39 | -0.17 | 0.01 | 99 | Technology | |
| Broadcom Inc. | -0.38 | -0.17 | 0.02 | 70 | Technology | |
| Advanced Micro Devices, Inc. | -0.38 | -0.12 | -0.00 | 93 | Technology | |
| Nebius Group N.V. | -0.35 | — | — | 94 | Communication Services | |
| Marvell Technology, Inc. | -0.34 | -0.17 | 0.01 | 90 | Technology |
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